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Poland Inflation Rate (CPI/HICP)
Poland's headline Consumer Price Index (CPI) measures the monthly change in the price level of a representative basket of consumer goods and services. It is the primary inflation measure monitored by the Narodowy Bank Polski.
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Why Inflation Rate (CPI/HICP) matters for PLN
Central banks, including the Narodowy Bank Polski, set policy rates in response to inflation. An above-target CPI print increases the probability of a rate hike, which is typically pln-positive, while below-target inflation raises rate-cut odds and can weaken the currency.
How to interpret this series
An inflation reading above consensus or above the Narodowy Bank Polski's target band is hawkish and supports the pln. A downside surprise is dovish and tends to weigh on the currency, particularly when inflation has been trending lower for several months.
Historical Inflation Rate (CPI/HICP)
Source: GUS. Cadence: Monthly. Unit: %YoY. History from 2000-01-31 (26.4 years).
Recent announcements
Each release gets a durable child page so data, forecast, previous value, and raw fields can be cited directly.
Related Poland indicators
Move to adjacent releases in the same macro category.
Business Confidence
Survey-based measure of business executives' outlook on economic conditions, production, and investment plans.
Consumer Confidence
Survey-based measure of consumers' confidence in economic conditions, employment prospects, and personal finances.
Core Inflation
CPI excluding volatile items like food and energy.
Gross Domestic Product (GDP) Growth
GDP growth: the quarterly change in the inflation-adjusted value of all goods and services produced in the economy.
Inflation MoM
Month-over-month change in the consumer price index, measuring short-term inflationary momentum.
Trade-Weighted Index (NEER)
Nominal Effective Exchange Rate (NEER) measuring the value of a currency relative to a basket of trading partners' currencies, weighted by trade volumes. Published monthly by the BIS.
Common questions
Editorial context for readers and AI agents using this page as a cited country indicator source.
What is the Narodowy Bank Polski's inflation target?
Most major central banks target annual inflation near 2%. Check the Narodowy Bank Polski's current monetary policy statement for the official target.
How is headline CPI different from core CPI?
Headline CPI includes all items, notably food and energy, which are volatile. Core CPI strips these out to give a cleaner read of underlying price pressure.
Which currency endpoint serves Poland CPI data?
Historical CPI data for Poland is available at /api/v1/announcements/pln/inflation.